28, HOMEWAY, ROMFORD, RM3 0HD - £525,000

28 HOMEWAY is a small detached house of 111m². It was last sold for £525,000 in August 2017, which was around 24% below the average August 2017 detached price in the Havering local authority area. The most recent EPC inspection was December 2015, where the current energy rating was B, and the potential energy rating was B.

28 HOMEWAY Sold Prices

Land registry data shows two sales for 28 HOMEWAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Havering local authority area for the corresponding sale date. Both of the two 28 HOMEWAY sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 2 AUG	£525,000	£688,647	24% below HPI
2015 28 AUG	£230,000	£555,719	59% below HPI

28 HOMEWAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the Havering local authority area over time, sourced from the HPI. The two 28 HOMEWAY sales from August 2015 and August 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2015 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the August 2017 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 28 HOMEWAY?

28 HOMEWAY is 111m² according to the EPC inspection conducted in December 2015. This puts it in the smallest 30% of detached houses in London, based on EPC data. The below chart shows the distribution of detached houses by size in London, and where 28 HOMEWAY lies on this distribution: 28% of detached houses are smaller than 28 HOMEWAY, and 71% of houses are larger. Note that EPC data is not available for all properties in London.

28 HOMEWAY: Plot and Title Map

28 HOMEWAY sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 28 HOMEWAY, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 28 HOMEWAY). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 28 HOMEWAY?

28 HOMEWAY is located in ROMFORD, in the RM3 postcode district. The below map shows the position of No. 28 on HOMEWAY.